YES Bank signs MoU with SIDBI for energy projects

YES Bank signs MoU with SIDBI for energy projects

YES Bank  signs MoU  with SIDBI for energy projects

YES Bank has signed a memorandum of understanding with SIDBI (Small Industries Development Bank of India) under the partial risk sharing facility (PRSF) for financing energy efficiency projects programme.

The pact is the latest endeavour in YES Bank’s continuing commitment towards financing and promoting clean energy projects.

 The PRSF has been sponsored by the World Bank with the support of Global Environment Facility (GEF) and Clean Technology Fund (CTF).

As the project execution agency, SIDBI will extend the guarantee for securing up to 75% of the loan amount up to Rs 15 crore extended by YES Bank to the MSMEs under this programme, YES Bank said.

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